Information from Arcam Annual General Meeting March 27, 2014
The Annual General Meeting in brief
CEO Magnus René informed about the eventful year 2013, the continued growth of the company and also about future plans and strategies. About 70 shareholders were present and they had the opportunity to see Arcam’s products, the unique EBM technology, and also different application areas. Furthermore, Mr René informed about the important strategic cooperation with DiSanto Technology in the US, and the acquisition of the metal powder manufacturer AP&C in Canada.
At the Annual General Meeting (AGM) the following decisions were taken:
Election of the Board
The AGM decided to re-elect the Board members Jan-Olof Brüer, Lars Bergström, Henrik Hedlund, Anna Hultin Stigenberg and Thomas Carlström.
Göran Malm was newly elected as Chairman of the Board.
Göran Malm (born 1947), Master's degree in business administration and economics, has previously had top management positions within SKF, General Electric and Dell, i.e. as President General Electric Asia-Pacific and President Dell Computer Corporation Asia-Pacific. Other former Board of Director assignments; Samsung Electronics, Envac and Micronic Laser Systems.
At present Göran Malm has Board positions at Dornier Medtech GmbH (DE)
and UFI srl (IT).
The AGM resolved to pay Board fees with KSEK 300 to the Chairman of the Board, and KSEK 110 to each member, in total KSEK 850, and in addition to KSEK 25 for any possible committee work.
The Nomination Committee
The AGM decided that the Nomination Committee shall consist of Anna Bernsten, Gunnar Ek, Rolf Ekedahl and Åsa Knutsson. Åsa Knutsson, who represents the major shareholder of the company, was elected Chairman. The other members in the Nomination Committee are independent of the company and its major shareholders.
In case a member of the Nomination Committee leaves the committee before the AGM 2015, the other members of the Nomination Committee will have the right to appoint a new member who can replace the member who resigns.
The AGM decided that a fee shall be paid with KSEK 25 to the independent members of the Nomination Committee.
The term of the Nomination Committee will work until a new committee is appointed.
Anna Malm Bernsten, operates her own consultancy company within business development and management. Previously president and CEO of Carmeda AB, and held also management positions within international marketing and sales, among others; Pharmacia, ASSA ABLOY and GE Healthcare. Current Board of Director assignments; Fagerhult, Nolato, Medivir, Cellavision, NeuroVive, Bird Step, Matrix Accounting and Chairman of
Ceba / Oatly.
Gunnar Ek, analyst for Aktiespararna. Member of the Nomination Committee for Aros Quality. Member of the Board at Göteborgs Spårvägar and vice president in Lokalnämnden (the Gothenburg Municipality's real estate management).
Rolf Ekedahl, previously a member of the Arcam Board and resigned in 2013. Previously president of Munksjö AB and a Board Member of Getinge AB. At present Rolf is Chairman of the Board of Expandia Moduler and also a member of the Board of Rörvik Timber, ROL and Garpco.
Åsa Knutsson, business area manager at Industrifonden. Shareholder representative.
Renumeration to Senior Executives
The AGM resolved in line with the Board’s proposal regarding the remuneration policy. In brief, this means that Arcam shall offer market-based total remuneration consisting of fixed pay, earnings-based remuneration, pension and other compensations.
A stock options program
In line with the Board’s proposal, the AGM approved to launch a stock options program targeted at employees and business partners. The program comprises an issuance of 200,000 options.
Authorization for the Board to decide on new issue
The AGM authorized the Board to decide on the issues of new shares, convertible debentures and subscription options.
The authorization covers and overall increase of the share capital not exceeding
KSEK 1 800. The shares shall be issued at market stock price.
Mölndal, March 27, 2014
For further information please contact:
Magnus René, CEO Arcam AB
Tel: 0046 31 710 32 00, alt. cell: 0046 702 79 89 99, or e-mail: email@example.com
Arcam provides a cost-efficient Additive Manufacturing solution for production of metal components. The technology offers freedom in design combined with excellent material properties and high productivity. Arcam’s market is global with customers mainly in the orthopedic and aerospace industries. The company was founded in 1997 and is listed on NASDAQ OMX Stockholm, Sweden. Head office and production facilities are located in Mölndal, Sweden. Support offices are located in the US, UK, Italy and China.
Arcam AB • Krokslätts Fabriker 27A • SE-431 37 Mölndal, Sweden • 46-31-710 32 00 • www.arcam.com